Glenn Greenberg recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Glenn Greenberg (Trades, Portfolio) and partner John Shapiro founded Chieftain Capital Management in 1984. By pursuing a disciplined investment strategy, Chieftain compounded its accounts at 22.5% (before management fees) during the period from 1984 through 2004 versus 12.9% for the S&P 500. Chieftain Capital later divided into two separate entities, with Shapiro leading the new Chieftain Capital Management and Greenberg leading Brave Warrior Advisors.
As of the latest 13F report, the guru’s equity portfolio contained 23 stocks valued at a total of $2.91Bil. The top holdings were ELV(20.07%), APO(12.36%), and FNF(11.57%).
According to GuruFocus data, these were Glenn Greenberg (Trades, Portfolio)’s top five trades of the quarter.
Progressive Corp
Glenn Greenberg (Trades, Portfolio) reduced their investment in NYSE:PGR by 1,712,528 shares. The trade had a 5.75% impact on the equity portfolio. During the quarter, the stock traded for an average price of $113.39.
On 08/15/2022, Progressive Corp traded for a price of $122.01 per share and a market cap of $71.37Bil. The stock has returned 28.91% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Progressive Corp has a price-earnings ratio of 87.15, a price-book ratio of 4.72, a price-earnings-to-growth (PEG) ratio of 3.12, a EV-to-Ebitda ratio of 46.74 and a price-sales ratio of 1.50.
The price-to-GF Value ratio is 1.15, earning the stock a GF Value rank of 3.
OneMain Holdings Inc
The guru established a new position worth 2,889,274 shares in NYSE:OMF, giving the stock a 3.71% weight in the equity portfolio. Shares traded for an average price of $43.26 during the quarter.
On 08/15/2022, OneMain Holdings Inc traded for a price of $39.69 per share and a market cap of $4.91Bil. The stock has returned -25.10% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, OneMain Holdings Inc has a price-earnings ratio of 4.81, a price-book ratio of 1.60, a price-earnings-to-growth (PEG) ratio of 2.67 and a price-sales ratio of 1.27.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Apollo Global Management Inc
During the quarter, Glenn Greenberg (Trades, Portfolio) bought 1,575,499 shares of NYSE:APO for a total holding of 7,428,006. The trade had a 2.62% impact on the equity portfolio. During the quarter, the stock traded for an average price of $54.53.
On 08/15/2022, Apollo Global Management Inc traded for a price of $61.48 per share and a market cap of $35.10Bil. The stock has returned 6.59% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Apollo Global Management Inc has a price-book ratio of 9.54, a EV-to-Ebitda ratio of 16.96 and a price-sales ratio of 6.21.
The price-to-GF Value ratio is 1.33, earning the stock a GF Value rank of 3.
Elevance Health Inc
Glenn Greenberg (Trades, Portfolio) reduced their investment in NYSE:ELV by 141,973 shares. The trade had a 2.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $494.66.
On 08/15/2022, Elevance Health Inc traded for a price of $493.22 per share and a market cap of $118.37Bil. The stock has returned 35.52% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Elevance Health Inc has a price-earnings ratio of 19.76, a price-book ratio of 3.31, a price-earnings-to-growth (PEG) ratio of 1.54, a EV-to-Ebitda ratio of 13.36 and a price-sales ratio of 0.81.
The price-to-GF Value ratio is 1.09, earning the stock a GF Value rank of 5.
United Rentals Inc
During the quarter, Glenn Greenberg (Trades, Portfolio) bought 205,131 shares of NYSE:URI for a total holding of 451,549. The trade had a 1.71% impact on the equity portfolio. During the quarter, the stock traded for an average price of $295.19.
On 08/15/2022, United Rentals Inc traded for a price of $337.52 per share and a market cap of $23.62Bil. The stock has returned -4.42% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, United Rentals Inc has a price-earnings ratio of 13.95, a price-book ratio of 3.91, a price-earnings-to-growth (PEG) ratio of 0.96, a EV-to-Ebitda ratio of 7.02 and a price-sales ratio of 2.29.
The price-to-GF Value ratio is 1.12, earning the stock a GF Value rank of 5.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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